wd DemoLes 7 PMT - Problem 1 Payment Schedule for a Loan...

Problem 1 Payment Schedule for a Loan
Loan Amount $10,000.00
Annual Interest Rate (APR) 2.9%
Term (In years) 5
Periods in a year 12
Monthly Payment $179.24
Schedule
Interest Prinicple
Start $10,000.00
End of Period 1 $24.17 $155.08 $9,844.92
End of Period 2 $23.79 $155.45 $9,689.47
End of Period 3 $23.42 $155.83 $9,533.65
End of Period 4 $23.04 $156.20 $9,377.44
End of Period 5 $22.66 $156.58 $9,220.86
End of Period 6 $22.28 $156.96 $9,063.90
End of Period 7 $21.90 $157.34 $8,906.56
End of Period 8 $21.52 $157.72 $8,748.85
End of Period 9 $21.14 $158.10 $8,590.75
End of Period 10 $20.76 $158.48 $8,432.26
End of Period 11 $20.38 $158.86 $8,273.40
End of Period 12 $19.99 $159.25 $8,114.15
End of Period 13 $19.61 $159.63 $7,954.52
End of Period 14 $19.22 $160.02 $7,794.50
End of Period 15 $18.84 $160.41 $7,634.09
End of Period 16 $18.45 $160.79 $7,473.30
End of Period 17 $18.06 $161.18 $7,312.12
End of Period 18 $17.67 $161.57 $7,150.54
End of Period 19 $17.28 $161.96 $6,988.58
End of Period 20 $16.89 $162.35 $6,826.23
End of Period 21 $16.50 $162.75 $6,663.48
End of Period 22 $16.10 $163.14 $6,500.34
End of Period 23 $15.71 $163.53 $6,336.81
End of Period 24 $15.31 $163.93 $6,172.88
End of Period 25 $14.92 $164.33 $6,008.55
End of Period 26 $14.52 $164.72 $5,843.83
End of Period 27 $14.12 $165.12 $5,678.71
End of Period 28 $13.72 $165.52 $5,513.19
End of Period 29 $13.32 $165.92 $5,347.27
End of Period 30 $12.92 $166.32 $5,180.95
End of Period 31 $12.52 $166.72 $5,014.23
End of Period 32 $12.12 $167.13 $4,847.10
End of Period 33 $11.71 $167.53 $4,679.58
End of Period 34